BP (NYSE:BP) shares are in the positive Wednesday after incoming CEO Bob Dudley shook things up in management, firing Andy Inglis, who was responsible for deep water operations when the Deepwater Horizon oil well exploded.
Inglis will also be leaving the board of TNK-BP on October 31. Outgoing CEO Tony Hayward will sit on the board.
Heading up exploration and production, Inglis will be replaced by three executives after the E&P business is split into three different divisions.
There was also an announcement BP was creating a new safety division to oversee all aspects of the business. They are authorized to intervene in any activity being performed throughout the company.
BP shares are up today to $39.92, gaining $0.63, or 1.60 percent at 11:46 AM EDT.
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